About 13% of U.S. drivers are uninsured. You randomly select eight U.S. drivers and ask them whether

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About 13% of U.S. drivers are uninsured. You randomly select eight U.S. drivers and ask them whether they are uninsured. The random variable represents the number of U.S. drivers who are uninsured.


Find the mean, variance, and standard deviation of the binomial distribution for the given random variable. Interpret the results.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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